﻿On April 23, 2014, the IRS released Revenue Procedure 2014-30, which announces increases to the maximum that taxpayers can contribute to their HSA, and to the qualifying threshold for a high deductible health plan. Increase to Maximum ContributionFor calendar year 2015, the annual maximum an individual with self-only coverage can contribute to an HSA will increase to $3,350. The maximum for an individual with family coverage is $6,650.

Increase to High Deductible Health Plan LimitsAlso changing in 2015 is the threshold amount for a plan to qualify as a High Deductible Health Plan (HDHP). The annual HDHP deductible will increase to $1,300 for self-only coverage and $2,600 for family coverage. Additionally, the annual HDHP out-of-pocket expenses—including deductibles, copayments, and coinsurance, but not premiums—may not exceed $6,450 for self-only coverage and $12,900 for family coverage.﻿

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Polestar Benefits is a third party administrator with services offered through HRA, FSA, HSA, COBRA and Private Exchange admin. We provide compliance and actuarial information to support these services and as a "one-off" solution of the growing needs created by the ACA.